Fact sheet: M&G Global Dividend

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
GLOBAL EQUITY INCOME
Sector
UT Global
Fund type
OEIC
Primary aim
GROWTH & INCOME
Why Money Observer Rates M&G Global Dividend

Rated Fund 2013-2017. Disciplined investment process comes good

As one of the first global equity income funds, M&G Global Dividend rapidly built up a strong performance record. It is a past Money Observer award winner. Although its performance temporarily went off the boil in 2014/2015, it bounced back strongly in 2016.

It has been managed since its inception in 2008 by Stuart Rhodes. Although it aims to provide income, at the request of its managers the fund appears in the Investment Association's global sector, rather than global equity income, so that it is not forced to target a particular yield. Its current yield is 2.85 per cent.

Nevertheless this yield compares well with other global income funds. Rhodes aims to create a diversified portfolio with exposure to a broad range of countries and sectors. However, the portfolio's composition is mainly the result of Rhodes' bottom-up stockpicking approach, which is driven by the fundamental analysis of individual companies.

He divides companies in his portfolio into three 'buckets': quality, assets and rapid growth. Quality companies are those with reliable growth strategies that can thrive despite what is going on in the wider economy.

'Assets' are more economically sensitive businesses, whose earnings are less consistent but which he expects will trend higher over time, such as energy or commodities companies.

Finally, in the 'rapid growth' category, which is normally the smallest element in the portfolio, are companies whose pace of expansion (and dividend growth) has the potential to surge thanks to strong growth in a new market or product line.

3 Year Performance
Fund Performance38.5%
Average of Rated Funds Group40.9%
Sector Performance34.1%
Fund information
Fund name
M&G Global Dividend I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Alex Araujosince 31/03/2016
  • John Weaverssince 01/01/2016
  • Stuart Rhodessince 17/07/2008
Accolades
Winner - Large Fund - Global Growth
Fund objective
The Fund has three aims:• to deliver an income stream that increases every year. • to deliver a yield above that available from the MSCI All Countries World Index over any five-year period. • to deliver a higher total return (the combination of income and growth of capital) than that of the MSCI All Countries World Index over any five-year period.
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3.7%
1 Year rank in sector
204/248
Sector
UT Global
Yield
1.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.91%
Fund size
£6,548m (£6,858m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
112
Mid price
297.57
Top in this sector
Fund name1 Year
Baillie Gifford PostivChng36.9%
Aubrey GblConviction32.2%
Equitile Resilience27.7%
Baillie Gifford Gbl Discovery27%
TM Lansd DMLO SRI Fed26.5%
...more in UT Global

Performance snapshot

Holdings snapshot

  • USA53.3%
    UK13.8%
    Canada8.3%
    Switzerland4.9%
    Denmark4.1%
  • Financials18.2%
    Materials15.3%
    Health Care14.9%
    Information Technology13.4%
    Consumer Discretionary12.8%
  • US Equities53.3%
    UK Equities13.8%
    Canadian Equities8.3%
    International Equities6.9%
    Swiss Equities4.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.8%0.8%4.8%3.7%38.5%58.2%
Sector-3.7%-0.5%2.2%7.3%34.1%60.7%
Rank within sector230 / 27341 / 26843 / 260204 / 24889 / 223137 / 200
Quartile4th1st1st4th2nd3rd
Calendar performance
 YTD - 20182017201620152014
Fund-4.6%13.2%40.7%-6.8%3.1%
Sector-2%13.6%21%3.4%6.7%
Rank within sector260 / 272117 / 2474 / 232213 / 220181 / 207
Quartile4th2nd1st4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.37
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.87
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.21
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.39
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.26
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.81
Price movement
52 week high316.37
52 week low275.92
Current bid price-
Current offer price-
Current mid price297.57
Region
1USA53.28%
2UK13.77%
3Canada8.25%
4Switzerland4.87%
5Denmark4.15%
6South Africa3.78%
7Finland2.18%
8Hong Kong2.06%
9Australia2.06%
Industry sector
1Financials18.2%
2Materials15.3%
3Health Care14.9%
4Information Technology13.4%
5Consumer Discretionary12.8%
6Energy10.7%
7Consumer Staples8.7%
8Industrials5.3%
9Money Market0.8%
Asset type
1US Equities53.3%
2UK Equities13.8%
3Canadian Equities8.3%
4International Equities6.9%
5Swiss Equities4.9%
6Danish Equities4.1%
7South African Equities3.8%
8Finnish Equities2.2%
9Hong Kong Equities2.1%
Individual holdings
1METHANEX CORP9.6%
2IMPERIAL BRANDS PLC4.3%
3GIBSON ENERGY INC4.2%
4WELLS FARGO & CO4%
5BRITISH AMERICAN TOBACCO3.9%
6MICROSOFT CORP3.9%
7IMPERIAL HLDGS INC3.8%
8UNITEDHEALTH GROUP INC3.7%
9TRINSEO S.A.3.6%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The Fund has three aims:• to deliver an income stream that increases every year. • to deliver a yield above that available from the MSCI All Countries World Index over any five-year period. • to deliver a higher total return (the combination of income and growth of capital) than that of the MSCI All Countries World Index over any five-year period.
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Alex Araujo31/03/2016Alex Araujo was appointed co-deputy fund manager of the M&G Global Dividend Fund in April 2016. Alex joined M&G in July 2015 as an embedded analyst with the Income team and has more than 20 years of experience in the financial markets. He was previously at Bank of Montreal where he specialised in US and Canadian equities. Alex graduated from the University of Toronto with an MA in economics and is a CFA charterholder.
John Weavers01/01/2016John Weavers has been the manager of the M&G North American Dividend Fund since April 2015. In January 2016, he was appointed deputy fund manager of the M&G Global Dividend Fund before being joined by Alex Araujo as co-deputy fund manager in April 2016. Prior to April 2015, John was deputy manager of the M&G Pan European Dividend Fund and the M&G Dividend Fund for two years. John joined M&G as a graduate in 2007 and worked as an analyst in the Equity Research team before joining the Income team in January 2012. He graduated from Oxford University with an honours degree in politics, philosophy and economics and is a CFA charterholder.
Stuart Rhodes17/07/2008Stuart Rhodes has been the manager of the M&G Global Dividend Fund since its launch in July 2008. He was appointed deputy manager of the M&G North American Dividend Fund in April 2015. Stuart joined M&G in 2004 as a global equity analyst after graduating from Bath University with a degree in business administration. He is a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Singapore, Sweden
M&G Global Dividend A Acc EUR
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price24.3537
CurrencyEUR
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCE2
M&G Global Dividend A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price277.32
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCD6
M&G Global Dividend A Acc SGD
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price12.8763
CurrencySGD
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUVK
M&G Global Dividend A Acc USD
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price18.983
CurrencyUSD
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCE3
M&G Global Dividend A Inc EUR
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price21.174
CurrencyEUR
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJD0A
M&G Global Dividend A Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price204.19
CurrencyGBX
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCCD7
M&G Global Dividend A Inc SGD
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price11.7332
CurrencySGD
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUVL
M&G Global Dividend A Inc USD
Initial charge4%
Annual charge1.75%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price17.0467
CurrencyUSD
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKJ2A
M&G Global Dividend C Acc EUR
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price26.7647
CurrencyEUR
Price updated20/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCCE4
M&G Global Dividend C Acc SGD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price13.2812
CurrencySGD
Price updated20/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUVM
M&G Global Dividend C Acc USD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price20.8568
CurrencyUSD
Price updated20/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCCE5
M&G Global Dividend C Inc EUR
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price24.0331
CurrencyEUR
Price updated20/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ1Z
M&G Global Dividend C Inc SGD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price12.0991
CurrencySGD
Price updated20/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUVN
M&G Global Dividend C Inc USD
Initial charge1.25%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price18.7303
CurrencyUSD
Price updated20/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKJ2B
M&G Global Dividend G Acc EUR
Initial charge-
Annual charge1%
Min single investment£200,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price10.2291
CurrencyEUR
Price updated20/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNZFE
M&G Global Dividend I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price297.57
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCCE0
M&G Global Dividend I Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price219.17
CurrencyGBX
Price updated20/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCCE1
M&G Global Dividend R Acc GBP
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price184.01
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZDY
M&G Global Dividend R Inc GBP
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price155.15
CurrencyGBX
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZDZ
M&G Global Dividend X Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price277.47
CurrencyGBX
Price updated20/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCD8
M&G Global Dividend X Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price204.28
CurrencyGBX
Price updated20/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCCD9
Data provided by

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